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Tracking Budget Variance in Project Management

ProjectManager.com

Those disruptions can play havoc on a project’s budget. Therefore, project managers are always tracking budget variance to deliver projects without breaking the bank. We’ll define project variance below as well as what a budget variance analysis is. What Is Budget Variance?

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Project Controls: A Quick Guide

ProjectManager.com

There are many tools that can mitigate risk in a project, but it also takes skill in something called project controls. Like the name implies, project controls are about controlling the project and keeping it from exceeding budgets and deadlines. What Are Project Controls? Why Are Project Controls Important?

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PMO as a Service (PMaaS): Benefits, Disadvantages & Best Practices

ProjectManager.com

The level of control and influence a PMO has over projects depends on the type of PMO. This leads to the delivery of successful projects that meet deadlines and come in on or under budget, which in turn creates greater profits for the organization.

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How to Make a Change Management Communication Plan

ProjectManager.com

It depends on their influence and impact on the project. Use this free change management communication plan template, which is fully customizable, to begin the process of controlling change and delivering it successfully within an organization. There are weekly blogs, tutorial videos, guides, eBooks, and, of course, free templates.

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Risk Management and AI Algorithms: Be in Control of Your Projects

The IIL Blog

There are several ways in which AI is likely to influence project risk management. AI can automate the process of identifying risks by continuously monitoring project-related data, including schedules, budgets, and team performance. We are somewhat familiar with AI algorithms.

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Organizational Process Assets: Definitions, Examples & Templates

ProjectManager.com

Officially defined by the Project Management Institute’s Project Management Body of Knowledge (PMI’s PMBOK) as “the plans, processes, policies, procedures and knowledge bases specific to and used by the performing organization,” operational process assets influence the management of a project.

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How to Manage Stakeholder Expectations

ProjectManager.com

They are going to want to know how the project is progressing and whether it’s scheduled to deliver on time and within its budget. These are usually a combination of things, from the delivery of the final product or service meeting the quality expectations set up the stakeholders to finishing the project on time and within budget.